Archive | 2012

KRG to Review Welfare of Mine Clearance Professionals

Following a demonstration in Erbil by 700 mine action professionals late last year, the Kurdistan Regional Government will review their pay and working status to ensure that they are fairly rewarded for their vital work. The deminers marched to the Kurdistan Parliament in November to submit their demands. The Speaker Dr Kamal Kirkuki spoke on […]

Iraqi Dinar Under Attack

The Iraqi Central Bank (ICB) said it’s under a “currency attack” as traders buy U.S. dollars in daily auctions and resell them on the black market in Syria and Iran, which face hard currency shortages due to sanctions, according to a report from Bloomberg. Demand for the dollar at the central bank auctions has risen […]

$57m for Services in Khaniqin

The Kurdistan Regional Government (KRG) is planning to implement services projects costing a total of 67 billion dinars ($57 million) in the areas of Khaniqin, Jalawla' and Sadiya, according to Aswat al-Iraq. Khaniqin and other adjacent areas are among the areas disputed between the central government and Kurdistan, a problem which it is hoped will […]

Iraq: Oil, Gas, and More

The oil and gas industry in Iraq has seen a lot of activity in recent days - just look at the following news items: Oil Law “Will be Passed Without Iraqiya if Needed” GKP Soars on Renewed Bid Rumours Genel Energy to Upgrade Tawke Oilfield WesternZagros Provides Operational Update DNO Completes Merger with RAK Gulf […]

Oil Law "Will be Passed Without Iraqiya if Needed"

AKnews reports that the debate on draft hydrocarbon legislation has been postponed by the Oil and Gas Committee of the Iraqi Council of Representatives because of the continued absence of Iraqiya List members. The law needs the approval of all parties to be passed. On 3rd January the committee revealed that an initial agreement between […]

Opportunity Iraq Seminar

Businesses considering entering the Iraqi market are being offered a second free seminar, to explore further the considerations for operating in Iraq. The second of a series of “Opportunity Iraq” seminars is being delivered by Upper Quartile as part of Aberdeen City Council’s international trade and investment team’s support services. This will deal with the […]

Iraq Publishes Oil Export Payments for 2009

Iraq has disclosed detailed information about the US$ 41 billion in revenue it received from oil and gas exports in 2009. Iraq’s disclosure of the figures follows the country’s commitment to the EITI standard, the global standard for transparency of resource revenues. The revenues are published in Iraq’s first EITI Report, which detailed production figures […]

Kirkuk Citadel to be Renovated

AKnews reports that the Iraqi Ministry for Tourism will begin renovating Kirkuk's historic citadel in early February. Deputy head of Kirkuk's archeology office told AKnews that the ministry has not announced the allocated budget for the project. She added this is the second time the citadel, located in the central Kirkuk, will be renovated. The […]

WPP Considers Acquisitions in Iraq

Dubai-based WPP Group's public relations firm, Asda'a Burson-Marsteller, is eyeing acquisitions opportunities in North Africa and Iraq, and hopes to complete one or more by the end of this year, The National has reported. The company has 11 wholly-owned offices and eight affiliate offices in the Middle East, North Africa and Pakistan, with clients including […]

First IMIST Training Facility Opens in Iraq

International learning and skills specialist Atlas has expanded the global footprint of facilities capable of delivering the groundbreaking new global training initiative IMIST for the oil and gas industry with the approval of the first centre in Iraq. The accreditation of the Al Delma facility in Basra City demonstrates Iraq’s commitment to developing its energy […]

Barzani Throws Down the Gauntlet

The following article was published by Reidar Visser, an historian of Iraq educated at the University of Oxford and currently based at the Norwegian Institute of International Affairs. It is reproduced here with the author’s permission. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. […]